Indianapolis Times, Volume 42, Number 36, Indianapolis, Marion County, 21 June 1930 — Page 11

JUNE 21,1930.

WHEAT FUTURES BREAK TO NEW LOWSFOR CROP Lack of Support and Bear Sentiment Send Options Off at Close, By r nitrrl Pjrrss CHICAGO, June 20.—Breaking to new low marks for all deliveries twice during the session, wheat resumed its downward swing on the Board of Trade today, closing at the bottom. Lack of support amid the general bearish sentiment in the pit was the chief factor, but reports of rains in western Canada and the poor response to the firmer stock prices early were discouraging. Bull new* was disregarded as usual in this sort of a market. Com and oats eased sharply with wheat. At the close wheat was 2'A to 2 7 ,* cents lower; corn was %to 1 cent lower, and oats was % cent lcwer. Provisions were strong. Liverpool eased sharply near the clcse after fluctuating throughout the session, and was % to 7* cent lower. Trading was rather quiet today as compared with Thursday during the morning. Cash prices were unchanged. Receipts were 3 cars. Corn started higher with wheat, but local professionals sold and prices moved downward. At midsesjsion they were unevenly and fracJtionally lower. Receipts were small, but the trade was inclined to expect a larger movement next week, as the new crop is progressing very well. The cash demand was good. Cash prices were Vt cent higher. Receipts were 77 cars. Oats followed the other grains apd eased during the morning, but held to the small fractions. There was not much doing in this pit early. Cash prices were unchar~-1. Receipts were 27 cars. Chicago Grain Table —June 20— WHEAT— Prev. Open. High. Low. Close. Close. Julv .. .98% 96% .SS 3 , .98% 96% Sept. 99% 1 00% <♦ * a .96% .99** Dee... 1.04',2 1.04% 1.0 Hi 1.01% 1.04 CORN— July.. .78% .76% .74% .75'/, .76V* Sept. .76% .75 3 * 73% .74% .75% Dee... .70% .70 V* .68% .69 Vi .70% OATS— July. .36% .36% .35% 35% .36% Sept.. .37% .37% .36% .38% .37% Dec.. .40% .40% .39% .39% .40% RYE— July.. .40% .52% ,48 V. .48% .50% Sept . .55V* .55% .52% .52% .84% Dee.. .60% .61% .58% .58% .61% LARD— July. 950 9.60 947 9.55 9.47 Sept, 9.65 9.72 9.60 9.67 9.62 Oct.. 9.62 9.70 960 9.67 9.62 Dec 9.45 9.35 BELLIES— July. 14.10 14.12 14.10 14.12 14.10 Sept 13.35 13.32 Bw Times Special CHICAGO. June 20.—Carlots: Wheat. 7; corn. 77; oats. 22: rye. 1. and barley. 2.

Indianapolis Stocks

—July 20Bid. Ask. Amer Central Life Ins Cos. ...1,000 •Belt B R & Yds Cos com 59 63 •Beit R R & 8 Yds Cos pfd.. 56 60 Bobbs-Merrill Cos 30 33% Central Ind. Pow Cos pfd 89 93 •Qircle Theater Cos com ....105 Citizens Gas 27 Citizens Gas pfd 96% 100% Commonwealth L Cos pf 1% ... 97 102 •Commonwealth L Cos pf 8%.. 98 •Hook Drug Cos com new 23% 26 Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos prei 101 105 Indiana Service Corp pref 86 •Indianapolis Gas Cos common 56 61 •Indpls Power ft Lt Cos pfd 102% 105% Indofs Pub Wev Loan As com.. 53 Indpls St Ry Cos pfd 10% ... Indianapolis Water Cos pfd.... 99 •Interstate U S Cos pr L pf 89 93 International Pub Serv 7% 102% 104 •Northern Ind Pub 7% co pfd.. 107 Metro Loan Cos 99 •Northern Ind P 5%% eo pfd.. 91% ... •Northern Ind Pub 6% co pfd. 99 102% •Progress Laundry Cos com... 45 47% S Rauh St Sons Fer Cos ofd Real Bilk Hosiery M Inc pfd.. 6 Shareholders Investors Cos ... 23% ... Standard Oil Cos of Ind 50H ... T H I & E pfd ...10 Terre Haute Trac L Cos pfd... 79 Union Title Cos common 43% ... Van Camp Prod Cos Ist pfd. !. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend —Bonds— Belt R R & Stock Cos & Broad Ripple 32 Central Indiana Gas Cos 5a.... 99% ... Central Ind Power Cos 6s 98% .. Citizens Gas Cos 55... 101 102 Citizens Street Railroad 55.... 42 43 Gary St Ry Ist 5s 65 ... Horae TStT of Ft Wavne 6s. 101% ... Ind Northern Trac Cos 3% $% Ind RV it Light Cos 6s 96 Indiana Service Corpn 5s .... 88 Indpls Power St Light Cos ss. .100% 101 Indiana Union Trac Cos 55.... 7 Indpls Col St Trac Cos 65.... 92% 94 Indianapolis Gas Cos 5s 100 Indpls & Mart Rapid T Cos 5s Indpls No Trac Cos 5s 11 Indpls North Western Cos .... 101* ... iQditis Street Rv 4s 29 30 Indpls Trac Ter Cos 5s 80% ... ind pie Union Ry 6s 100% ... Indpls Water Cos 5%s ...102% ... Indpls Water Cos 5s 97% ... Indpls Water Cos lie St ref.... 98 Indpls Water 4%s 93% ... Indpls Water W Sec Cos 55.... 88% ... Iterstate Pub Serv Cos 4Hs .... 91% ... Interstate Pub Ser Cos 5s 98 Interstate Pub Serv 6%# 103 No Ind Pub Serv Cos 5s 101% ... No Ind Telegraph Cos 6s 97% 100 T H Ind Sr East Trac Cos Ss.. 64 T H Tree Light Cos 5s , Union Trac of Ind Cos 6s 19 24

The City in Brief

SATURDAY EVENTS Blta Theta T 1 luncheon. Board of .Trade. Virms Alpha Epailor. luncheon. Chamber ot Commerce. Phi Delta Theta luncheon. Chamber ot Commerce. Matter Painter*' Association luncheon. Elks Club. Indianapolis Round Table luncheon, Lincoln. Delta Tau Delta luncheon, Columbia Club. Reserve Officers’ Association luncheon. b*>rt of Trade. flelta Chi luncheon. Spink-Arms. ndlana Christian Endeavor convention Central Christian church. Arrangements for the Indianapolis Federation of Community Civic Clubs banquet, to be held at the Chamber of Commerce building next Friday flight, are being made by the committee including E. O. Snethen, chairman; A. LeroyJPortteus, Oscar F. Smith, Mrs. Mary S. Hess Dennis, Miss Pearl Randal and Mrs. B. B. McDonald, secretary and treasurer. Three members of the Dr. O. W. Worthington chapter of Disabled American Veterans of the World War will attend the national convention of the order in-New Orleans, La., next week. The delegates are Henry G. Kline, adjutant; Anthony P. Lang and Charles S. Kemp. Sixty employes of the Indianapolis Life Insurance Company held a picnic Thursday afternoon at shoe lodge, near Noblesville, to celebrate the attainment of SIOO,090,000 worth of life insurance in force. Employes of the Prest-O-Lite Company of Indianapolis and their families held a picnic in Forest park, near Noblesville, Thursday Afternoon. The afternoon was spent playing baseball, horseshoes, croquet and golf.

TAG!—AND I’M IT!

First Dog of City ‘Proclaims’

>) v t

The Mayor, Mike, and Mike’s Tag

BY MIKE. "vrOW all you dogs listen to me. I’m the Scotch collie belonging to Mayor Reginald H. Sullivan. I’m a bachelor just as he is and I’m doing a little ‘proclamating’ in my own right. “You’ve got to get dog tags by June 30, and there’s no use barking about it. That’s my tag you see in the picture. “And that isn’t all. That tag’s dog head is me. I’m the city’s First Dog and I want you to know it. My picture is on all the license receipts, too. “But there isn’t anything ritzy about me. Don’t you get that idea, brother hounds. For the

New York Stocks ■ ■ ■ ißv Thomsoo & McKinnon) ———————

TOTAL SALES 3,656,170 SHARES • Prev. Railroads— High- J-O*'-.. c i9| e - \°, s .£; Atchison 210 211% 213 214 ,i Atl Coast Line.. .. ... }j>® . 157V* Balt & 0hi0....100 102 102% 04 Ohesa & 0hi0... 181 17a 17a 181 Chesa Corp 59 55 55 59 Chi Grt West.. 10 9% #% Chi N West.... 74 73 73 73 OR I& P 103 1 2 108% 103% 103% Del L & w 114'/! 113'! 113V* 113j/2 Del & Hudson..ls3 155 105 156% Erie 39*4 37% 3?*, 3/ 54 Great Northern. 83% 82-4 8214 BJ% Gulf Mob & Oil .. .... 33-,s 34 Illinois Central .118 116'2 111 117 Kan City 50.... c3va o 2 c2 , /a 65 &>U & l/ash ....133 130 133 131 M K & T 39Vs 30% 3b 1 ,2 37% Mo Pacific .... 67% 6i4s 87% 67 5 ,4 lS?- a 18 NY^NH^&^H..IO7 i05% ioj% 10o*/< Nor Pacific 78% 75 75% 75 Norfolk & We5t..22314 222 223 22% O & W 9% Pennsylvania .. 77% (1% <l% <2‘. so Pacific ii3% iii% liiv* ii3 2 Southern Ry ...104 V, 101 102% 104% St. Paul 15 14% 14'4 14 St Paul pld 23H 22' 2 22V 2 23% St L & S F 100 100 Union Pacific ...215% 210 U 210V4 214 Wabash 37 33% 34',a 53 W Maryland ... 23% 20% 21 22% West Pacific 20 IS% 19% 18 Equipment.— Am Car & Fdy. 48 44 44 46% Am Locomotive. 50Va 49’4 50% 51” Am Steel Fd.... 40 3iVi 38% 39 Am Air Brake S i3 43 Gen Am Tank.. 90% 83'. 81% 89V4 General Elec ... 73 68% 69% 71>s Gen Ry Signal.. 81% 79% 79% 78 Lima Loco 25 V, 23 -s 23% 28 Man El Sup 10% 9% 9% 8% N Y Air Brake.. 40 39% 4040 Press Stl car... 8% 7% 7% 7 Pullman 67 65 Is 66 66 Westingh Ar B. 40% 4040 Va 40% Wes.ingn E.ec...12t% 132 133% 140 2 Ruboers— Firestone 20% 20 % 20% 20% risk 2% 2“s 2% 2 vs Goodrich 28% 26% 26% 27vs Goodyear bb b3 b 4 65 Kelly Spgfid ... 3% 3V4 3*4 3% Lee Ruooer 4'% 5% U S Ruboer 23% 21% 21% 22 Motors— Auourn 113% 102% 103% 113 Chrysler 27 25 26 26‘a Gardner 32% 2% 2% Graham Paige 6'* 6 6% 6% General Motors.. 42% 40% 41% 41% Hudson 31% 29% 29% 31 Hupp 15% 15 15 15% Mack .. 53% 48*s <9% 52% Marmon 12% 12 12 12% Nash 35% 33 30% 34% Packard 14% 13% 13% 13% Pierce-Arrow 20% 21% Reo .... 9% 8% 9 8% Studebaker 27% 26'. 26% 16% Yellow Truck 24 21'. 22 12% Motor Access — Am Bosch 31 30 30 30% Bendix Aviation. 33 30% 31 31 Borg Warner.... 29% 26% 27'a 28 Briggs 20*s 19 20 19% Eaton 23'a 22 22 22va El Storage B. .. 65% 64% 65 65 Hayes Body 7 6% 7 6% Houda .. 12% 11% 11% 13 Motor Wheel 23 22% 23 22* a Sparks-W 18% 16% 17 18% Stewart Warner. 22 20% 20% 21% Tlrakin Roll 63 62 % 62% 63 V 2 Mining— Am, Metals.... 36% 33 33 33 Am Smelt 58% 57% 5i% si’,s Am line B% 8 8 8 Anaconda Coo.. 51 48 48% 49% Cal & Hecla 15 14% 14% 13% Cal & Aril .... 44% 43 44% ... Cerro de Pasco. . ... ... 44 Freeport Texas 41 s , 39', 39% 40% Granby Oorp .. 23 5 , 21% 21% 21% Great Nor Ore.. 19 18 18 19 Howe Sound 28 s . 27 27 28% Int Nickel 25 22% 23% 24% Inspiration I*H 14% 14 s , 14 s , Kennecott Cop.. 41 38% 38% 39 5 , Magma Cop .... 33 32', 33 31% Miami Copper.. 17% 16% 16', 16% Nev Cons 16% 15% 16 16% Texas Gulf Sul.. 54 52% 52% 53% U S Smelt 20 19Vs 19% 19% Oils— Amerada 24% 23 s , 23% 23% Am Republic 13 16% 16% 18H Atl Refining 35% 33', 34 34% Barnsdall 23% 22% 22% 22% Beacon 14 13% 13% 13% Houston 79% 70'a 71% 77% Ind Oil 22% 21% 31 % 21% Indian Refining.. 12% 10% 10% 11% Logo Oil 23 '•* Mex Sbd 21% 18% 19*. 20% Mid Conti 25 23% 23*. 24% Pan-Amer (81.. 55% 55% 55% 56 Phillip* 32% 31% 32 32 Pr Oil & Oa*... 38% 37% 37% 37% Pure Oil 20% 20% 20% 20% Richfield 17% 16’, 16% 18% Royal Dutch 51% 50% 50% 50% Shell Un 19% 19 19 19% Simms Pt........ 31% 20% 30% 20“^ Sinclair 23% 31% 21 22% Shelly 31 29% 29% 30 Standard of Cal 61% 60 60 61% Standard of N J 66% 3% 6*% 66% Standard of N Y 32% 31% 31% 32 Texas Cos 52% 51% Si% 51 Union Oil ...... 40% 29 39 39% Am*Roh”*Mills... 60% 54% 54*. 61% BothlehenTT.... *4% 84 84 22% C&N4J 1 .IMIi % 46 48 49%

mayor had no sooner put my tag on me than I went out to play and what did I do—l lost it. “ ‘Mike,” the mayor says to me, ‘I always knew that giving a Scotch collie an Irish name would get us into *~ouble. Now you’re lost your tag.’ “Well, I put my tail between my legs and go ’round the yavd, mournful like, trying to find it. “I didn’t have any luck; but the mayor found it all right, all right. “And everything’s okay again, just like it is in the picture. Just a couple of good buddies trying to get along. Don’t forget to get your tag and the license picture of me.”

Cruc Steel 73 72 72% 71% Inland 71 Ludlum 27 Vs 24% 24% 26% Midland 27 26Va 27 28 Newton 28% 30 Repub I& S ... 44 V 2 42% 42% 44% U S steel 162"/, 157*8 158 161 Vanadium 84'/, 73% 75% 81 Youngst S& W 34% 33% Tobaccos— Am Sumatra ... 12 11% Am Tob IB I 233 226 225 233 Con Cigars 40% 37% 37% 41% General Cigar.. 48'/s 48 43 47% Lig & Myers 8.. 93 90% 90% 91% Lorillard 19% 18 18 18% Phil Morris 10% 9 7 /e 9% 9% Reynolds Tob .. 49'/, 47% 47', 47% Tod Pr A 10% 10% 10% 10% Tob Pr B 3% United Cig 7 6% 6 7 /s 7 Utilities— Abitibi 26 26 Adams Exp 25% 23Vi 23% 24% Am For Pwr ... 68% 60% 62% 67 Am Pwr & Li-... 86% 81% S2 85 AT&T 211 204% 206% 211% Col Gas & E 1... 63 62Vi 62% 66% Com & Sou .... 14% 13% 13% 14% El Pwr & Li ... 69% 61 7 /b 63% 68% Gen Gas A 10% 9% 9% 10 Inti TANARUS& T 46% 42% 43% 44% Natl Pwr & Li. 37% 35% 35% 36% No Amer Cos ...105% 99% 99% 104% Pac Gas & El .. 59% 57% 57% 58% Pub Ser N J ... 96V, 89 s , 90% 95% So Cal Edison .. 60 58% 58% 58 Std G & El .... 96'4 '"’4 ■ ' % Uinted Corn ... 34% 30% 31% 33 Ut Pwr & L A.. 34% ;,2v, .a % West Union 162 159 150 164 Shinning— , Am Inti Corp... 34 s , 32% 32% 33 7 . Inti Mer M pfd. 22% 21% 21% 20% No Gm Llovd.. .. ... 49% ... United Fruit ... 89 84% 85 88 Foods— Am Sug 52*1 51V, 51% 51 Armour A 5% 4% 4% 4% Beechnut Pkg 50% ... Cal Pkg 66 65 Can Drv ... 60 60 Childs Cos 58% 55 55 56 Coca r-o’a 174% 168 168 173% Cont Baking A. 25 20% 20% 21% Com Prod 97% 92 % 92V, 95% Cudahy Pkg 40% ... Cuban Am Sug. ... .. . 5% R% Gen Foods ..... 56 53 54% 55 Grand Union ... 12 11% 11% 11 Hersey 92 88% 88% 86 Jewel Tea 52% 50 50 49% Kroger 25% 23 23 24% Nat Biscuit .... 80% 77 77 80 Pillsbury 29% 28% Safeway St 89 81', 89 80% i Std Brands 20 18% 18% 19% I Ward Bkg 8% 7% 1% 7^ Drurs— Coty Inc 19% lfi% 13% 17 I Lambert Cos .... 83% 80 80% 82% ; Lehn & Fink ... 25% 24 24 22% | Industrials—jAm Radiator ... 25'* 25 25 25 Bush Term 3 32 Certainteed 6 5% 5% 5% Gen Asphalt ... 44% 42% 42% 43V, Lehigh Port ...... ... 33 33 Otis Elev 62% 59V, 59% 61% Indus Chems— I Allied Chem 256 • 249 251 267 I Com Solv 24% 21% 22% 23% Union Carb 70% 66 66% 68 ;U S Ind Alco ... 65% 67 67 70% Retail Stores— Assoc Drv Gds.. 34"i 35% 35% 35% i Gimbel Bros .... 12% 11 s , 11% ll 7 i Kresge S S .... 27% 26% 26% 26*1 May D Store.. 46% 45% 45% 46% Mont Ward ... 37% 35% 35% 36 Pennv J C .... 54% 51% 51% 53 Schulte Ret St.. 7% 6% 6% 6% Sears Roe 72% 70 70 73% Woolworth .... 56% 53*e 54% 55% Amusements— Bruns Balke .... 16 15% 15% 15% Col Graph 19% 17% 18 19% Orosley Radio .. 12 11% 11% . Eastman Kod ..208% 192 192% 205% Fox Film A 43% 40' 2 41 43 Grigsby Gru.... 18% 16% 16% 17% Loews Inc ...... 69% 65 65% 68 s * Param Fan 58% 55 55% 57% Radio Corn 39% 35% 36 38% R-K-O 33% 30% 30% 32% Schubert 16 13% 14% 14% Warner Bros ... 47% 42% 43% 46% Miscellaneous— Airway App .... 20 19 20 20% City Ice & Fu 39 38% Congoleum 11% 11% 11% 11', Amer Can 124 115% 116 121% Cont Can 55% 53 53 54% Curtiss Wr 7% 7% ”% 7% Gillette SR .... 73% 70 70 72 Real Silk 41 39 39 Vi 39% NEW YORK COFFEE RANGE High. Low. Close. March 7.01 6.52 6.98 Mav 6.96 6.90 6.90 July 7.69 7.50 7.54 September 7.4S 7.35 7.58 December 7.27 7.10 7.16 RAW SUGAR PRICES High. Low. Close. January 1.50 1.49 1.50 March 1-58 1.56 1.57 May 1.64 1.63 1.64 July 1.30 1.27 1.28 September 1.39 1.37 1.38 December 1.49 1.4: 1.48

Local Wagon Wheat

Cilßj|*an elevators are paying 85c tor and Me for No. 2 hard

THE INDIANAPOLIS TIMES

SWINE MARKET OFF 25 GENTS AT Gin YARDS Slaughter Class Cattle Dull at Week’s Downturn; Sheep Strong. June Bulk. Top. Receipts. 13. $10.30'1*10.35 $10.35 C. 500 14. 10.35 10 40 3.500 16. 10.40 10.35 7.000 17. 10.00 10$0 8.000 18. 9.90 9.95 5.500 19. 10.00 10.10 5.000 20. 9.75 9.80 6.500 Hogs again dropped fractionally at the stockyards, prices this morning ranging generally 25 cents under Thursday’s figures. The bulk, 160 to 300 pounds, sold for $9.75; top price paid was $9.80. Receipts were estimated at 6,500; holdovers were 1,009. In the cattle market slaughter classes were dull at the week’s severe decline, receipts were 400. Vealers were steady at $lO down; calf receipts numbered 600. Sheep were steady to higher, mostly $11.50 down with a top of sl2. Receipts were 1,100. Chicago hog receipts were 20,000, including 7,000 direct. Holdovers were 9,000. Today’s market slow with bids about steady with Thursday’s average or 10 to 15 cents lower than early Thursday; 160 to 170-pour. 1 weights brought $9.55 to $9.75. Cattle receipts were 1,000; sheep, 6,000. —Hogs— Receipts. 6.500 market, lower. Heavies. 800 lbs. up $ 9.25® 9.65 250-300 lbs 9-75f 9.80 Med. wts.. 225-250 lbs 200-225 lbs 9-75® 9.80 Light wts.. 160-200 lbs 9.750 9.80 90-130 lbs 8.50® 9.25 Packing sows B.oo® 9.00 —Cattle— Receipts, 400; market, steady. Beef steers 1.100-1.500 lbs. , „ good and choice Common and medium [email protected] Beef steers. 1.100 lbs. down. good and choice S-2SS.}S'nn Common and medium [email protected] Heifers. 850 lbs. down. good and choice 5'22®^2'22 Common and medium 5.500) 8.50 Caws, good and choice §-75@ 8.00 Common and medium 6.75 W 8.00 T ower cutter and cutters 3.00® 5.00 Stocker and feeder steers, good and choice oo@ 9.50 Common and medium ... 6.00@ 8.00 —Vealers — Receipts. 600; market, steady. Medium and choice $ 7.50ffi10.00 Cull and common 4.00 a- 7-50 —Sheep— Receipts. 1.100; market, steady. Lambs, good and choice $11.09©12.00 Common and medium 7.50R811.00 Cull and common 1.50® 3.00 Ewes, medium to choice 3.00# 4.50 Other Livestock Bu United Press CHICAGO. June 20.—Hogs—Receipts. 20,000. including 7.000 direct; opened steady, later trade weak to 10c lowerslow at decline; top. $9.85: onyl occasional sales above $9.75: butchers, medium to choice. 250-350 lbs.. [email protected]; 200-250 lbs. $9.4009.85; 160-200 lbs . $9.4009.85: 130-160 lbs., $9,250 9.75; packing sows. $8 (ft 8.75: pigs, medium to choice 90-130 lbs., $8.5009.60. Cattle—Receipts. 1.000; calves, 1.000; very narrow; slugish uneven trade, not much here; few loads strictly gram fed steers rating good and better steady, others on hit-and-miss basis; day’s top. {11.25; slaughter classes steers, good and choice. 1,300-1.500 lbs.. $10.25012.50; 1.200I. lbs.. [email protected]; 950-1.100 lbs., slo® 12.25; common and medium. 850 lbs. up. [email protected]; fed yearlings, good and choice. 750-950 lbs., $10012; heifers, good and choice. 850 lbs. down. $9.2510.50; common and medium. $6,259.25; cows, good and choice. $6.75@9; common and medium. $4.50(55; 6.75; low cutter and cutter, $3.2504.50: bulls, good and choice beef. $6.500 8.25;’ cutter to meidum. $4.5006.50; vealers. milk fed. good and choice. $9.50® 11. medium. $9 09.50; cull and common, s6@9; stockers and feeders, steers, good and choice, all weights. $90.10.50; common and medium, $6.500,9.25. SheepReceipts, 6,000: fat lambs, steady to weak: undergrades, weak to 25c lower: fatted native lambs. $12012.25: fat ewes mostly [email protected]; lambs, good and choice. 92 lbs. down, $11.500 12.50: medium. $9011.50; cull and common. $709; ewes, medium to choice. 150 lbs. down, [email protected]; cull and common, [email protected]. Bu United Press EAST ST. LOUIS. 111., June 20.—Hogs— Receipts, 7,500: market, 15c lower than Thursday’s average; sows and pigs, 25c lower- bulk. 150-260 lbs.. $9.6009.70; top, $9.75; bulk sows. $8.50. Cattle—Receipts. 900 Calves—Receipts. 500; market, vealers steady at $9.50: other classes on a clean-up basis; a few cows. ss®6; low cutters around $3: medium bulls. $6 down; not enough steers or heifers worth mentioning Sheep —Receipts. 2.500: market, steady; bulk fat lambs. $110.11.25; choice graded lambs, $11.75; top, $5.50; fat ewes. s3@s. Bu Times Special LOUISVILLE, Ky., June 20.—Hogs—Receipts. 700; market, 10c lower; 250 lbs. ud $9.15: 165-250 lbs., $9.75; 130-16a lbs $8.95; 130 lbs. down. $6.95; roughs, $6.40; stags, $5.80. Cattle—Receipts. 200; market. steady; prime heavy steers, $100)11; heavy shipping steers. $8.50@10; medium and plain steers, $7.5008.50; fat heifers, $6.500 10; good to choice cows, $60.7; medium to good cows. s4@6; cutters, $3.50 04: canners. $2.50 03; bulls, $4,500-6-feeders, $7.5009; r-tockers, $5,500.7; calf receipts, 200; market, steady; tops, $80; 8 50: good to choice, $6,500)8; medium to good. [email protected]: outs, $4.50 down. SheepReceipts. 1.500; market lambs steady; sheep 50c lower ewe and wether lambs, $11; choice car lambs $11.25 011.50; buck lamos. $10; seconds, $7; clopped sheep, $2.50 0 3.50. Thursday’s shipments—Cattle, none; calves. 105; hogs, 138; sheep, 3,602. Bu United Press PITTSBURG, June 20.—Hogs—Receipts, 1.000; market, steady with spots easier; bulk 150-210 lbs. $10,300,10.35; 220-260 lbs.. SIOO 10.25; 270-300 lbs., $9.500 9.75; pigs. $9.750 10; sows, $8.2508.50. Cattle— None; calves, receipts, 75; market, steady; good and choice vealers, $9.500 10.50. Sheep—Receipts. 500; market, steady; fat lambs, $9011.50;. yearlings, s6@B; aged wethers, $4.50 down. Bu United Press CINCINNATI, June 20.—Hogs—Receipts, 3,550 including 1.150 direct; 420 held over; moderately active on light and medium weight hogs; steady to mostly 10c lower; heavy butchers and sows slow, 15025 c lower; bulk desirable 170-250 lbs., s9Tts@ 10.05: mostly $10.05 on good and choice 170-230 lbs.; few outstanding loads. 170-200 lbs., $10.10; desirable, 120-160 lbs.. $9.50 to mostly $9.75; sows mostly $8.25. Cattle —Receipts. 225; calves. 275; very s' >w, about steady; steers practically absent; few odd lots of mixed yearlings and heifers. $7010; odd head above; most beef cows, SSO 6; few kinds up to $6.50; low cutters and cutters. $3 50 04; bulls, mostly $5.50 0 6.25 with best weighty kinds quotable up to $7; good ana choice vealers, s9@lo; heavy and less desirable, down to $6. Sheep—Receipts. 1,200; generally steady on all classes with undergrade lambs slow; sheep in very little demand; good and choice lambs, $10011; common and medium, $7 0 8.50; buck lambs up to $9; few ewes $2.5003; best lightweights, quotable up to $3.50. Bu United Press EAST BUFFALO N. Y., June 20.—Hogs —Receipts. "2,300; holdovers, 500; market, generally 15c lower; packing sows steady; bulk 160-240 lbs., $16.25010.35; 240-280 lbs., $10010.25; most pigs and light lights around $10; sows, [email protected]. Cattle— Receipts, 175; market, slow; undertone weak; cows and bulls about steady with Thursday’s average bidding lower on steers and with average 25® 50c under Monday; odd lots good cows up to $8; bulk fat kinds, S6O 7: cutter grades, $3.50 0 5.50. Calves—Receipts, 900; market generally 50c lower; good to choice vealers. $11011.50; medium and plainer grades, $8 ® 10. Sheep—Receipts. 1.000; market, active; good to choice lambs. 25@50c higher; mostly $12.75013: 76-81 lb. weights, medium kinds. SIOO 11; common, sß@9; fat ewes, steady at $3 @3.50. By United Press TOLEDO. O. June 20.—Hogs—Receipts. 300: market. 150 25c lower; heavies, $9.25 0 9.50; mediums. $9.50*19.65; yorkers. $9.25 0 9.50; pigs. S9O 9.50. Cattle—Receipts, light; market, slow. Calves—Receipts, light: market, lower. Sheep—Receipts light; market, steady.

Investment Trusts

(By James T. Hami;l & Cos.) —June 20— Basic Industry Shares 7% BV* Corporate Trust Shares 8V 9% Diversified Trust Bhares A... 21® ... Diversified Trust Shares B 18'i W 4 Diversified Trust Shares C... 7® B>4 Nationwide Securities 8)2 9% Fixed Trust Shares A 18*4 ... Fixed Trust Shares B 9® 10Vi Investment Trust of New York IOV* 11® Leaders of Industry 8® 9® Standard Oil Trust Shares 9V 944 S. W. Strauss Ir.v. Units.... 47 58 Selected Amer Shares JT-6® 7 s * Trustee Standard Oil Shares B 9Vi> 91* U. S. Elec. A Power Shares A 3*vQ 38® U ,5. Elec. & Power Shares 8.. 10 10 Vi

Dow-Jones Summary

Oklahoma oil operators apirove proration program to hold production at 650,000 barrels daily during third quarter of 1930. Foreign copper sales Thursday came to 10 000.000 pounds at 13. 30c C 1 F Hamburg Hacre and London. Largest day s sales since middle of May. Michigan Steel Corporation declared extra dividend of X per cent in itock. payable Oct. 20, record Sept. 20. and regular quarterly dividend of 62% cents payable July 21, record June 80. Calumet and Arizona Mining Company will suspend operations of its bleaching and electrolytic plants at the new Corneiio mine division at Ajo Arizona m an effort to secure more economical operation during present depressed conditions of copper metal market. City Machine and Tool declared' regular quarterly dividend of 40 cents on common payable’July 1. record June 20. , Thatcher Manufacturing Company declared regular quarterly dividends of 40 cents on common payable Julv L .record June 20. and 90 cents on convertible preference payable Aug. 15, record Aug. 5. Arundel Corporation 3?* £2 ended May 31. 1930 earned $1.73 on 492 500 no-par shares against sl-25 in same 193s period. Bituminous coal loaded at Lake Erie ports in week ended June 16, totaled 1.357,522 tons against 1,214,536 in like 1929 week. For season to date 10,922,966 tons against 10,827,106 in like 1929 period and 7,957,169 In 1928 period. City Investing Company declared a dividend of $2.50 on common same as year ago pavable Julv 7. record June 30. Keguia, quarterly bf $1.75 on preferred also dedared payable July 1. record June 26. Chicago surface lines share of May income after expenses taxes and other charges, $133,100 against $204,819 in May, 1929. Brazilian • Traction Light and Power Company subs may net income aitci expenses, but before depreciation and amortization $2,517,502 against $2,415,187 in May, 1929. Swift & Cos. received refund in taxes over assessed In 1918, which with interest. amounts to about $7,000,000 according to bureau of internal revenue. Libby McNeill & Llbbv and affiliated companies awarded $3,700,000. Bancamerica-Blair Corporation elected L. A. Woolams formerly vice-president ol California Packing Corporation a director. Daily average volume of federal reserve bank credit outstanding during week-ended June 18, was $1,006,000,000 an increase of $12,000,000 over previous week, but decrease of $275,000,000 from like week of 1929. Leading dealers reduced bid and asked rates on bankers acceptance % of 1 p.r cent for all maturities to 2 1-842. per cent and 30-60-90-day maturities 2 l-4a2 Vis for 120 days and 2%a2 V* per cent for 150 180 days. Brokers loans decreased $211,000,000 in week to $3,787,000,000 federal red system ratio 83.3 per cent against 83.0 per cent week ago, and 75.8 per cent year ego. Nev' York ratio 65.9 per cent against 85.7 ner cent and 81.1 per cent respectively. New York rediscount rate reduced to 2% per cent from 3 per cent. Trustees of estate of John A. Sutton minority stockholders in American Telegraph and Cable Company filed suit in supreme court New York county asking sales of company lo Western Union be set aside and Western Union ordered to turn over all of cable company’s property or full value to receiver to be appointed by court. Also asked dissolution of cable company be enjoined. A'leged consideration of $2,030,000, which Western Union is to pay for property is ‘‘grossly inadequate” and that sale ‘‘constitutes an attempted fraud on minority stockholders.” May gross of Illinois Central system was about $12,800,000 against $14,623,413 in May. 1929. Road continued to cut operating expenses sharply In line with reduced revenues and net operating income for month is estimated about $1,380,000 against $1,779,831 in mav last year. This indicates a decrease in net of less than $400.000 against a gross decrease of around $1,800,000. Five months’ gross with May estimated was something over $66,000,000 against $74,749,790 in similar 1929 period. Five months net operating income was about $8,240,000 against $11,362,428 a year ago.

Net Changes

By United Press NEW YORK, June 20.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: Off. American Can 116 5% American & Foregin Power 62% 4‘% American Telephone, ex-div 206% 2% Bethlehem Steel 80 3% Byers 71 6% Columbia Gas 63% 3Vi Consolidated Gas 106% 3% General Electric, ex-div 69% 1% General Motors 41% J 4 International Telephone, ex-div. 43% % Loew’s Inc 65% 2% North American 99% 5% Public Service ! 90% 4% Radio 36 2% Sinclair 22 -4 Standard Oil New Jersey MV2 2*3 Union Carbide 66% J.* United Corporation 31 2‘ /8 United States Steel 158 3 Vanadium , S' 4 Westinghouse Electric 133 V 2 7

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday June 20, $3,352,000; debits, $7,084,000. CHICAGO STATEMENT By United Press CHICAGO, June 20.—Bank clearings $103,000,000; balances. $12,900,000. NEW YORK STATEMENT Bu United Press NEW YORK, June 20.—Bank clearings. $1,636,000,000; clearing house balance, $229,000,000; Federal Reserve bank credit balance $204,000,000. TREASURY STATEMENT By United Press / WASHINGTON. June 20.—Treasury net balance on June 18 was $303,866,869.04; customs receipts for the month to that date totalted $46,440,443.40; government receipts on June 18. were $29,866,682.41.

Cash Grain

—June 20— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 Vic New York Rate, were: Wheat—Steady; No. 2 red, 92@94c; No. 2 hard, 89®91c. Corn—Firm; No. 2 white. 76®78c: No. 3 white. 75®76c: No. 2 yellow. 71®73c: No. 3 yellow, 70®71c: No. 2 mixed, 69@71c; No. 3 mixed. 68® 89c. - Oats—Strogn: No. 2 white. 35’/i@36Vic; No. 3 white. 34',i® 35‘ic. Hay—Steady. >F. O. B. country points taking 23 Vic or less rates to Cincinnati or Louisville.) No. 1 timothy. sl4; No. 2 timothy. *l3: No. 3 timothy. *11.50; No. 1 light clover mived. *12.50: No. 1 clover mixed. *11.50: No. 1 clover hay, *lO. Wheat—No. 2 red. 1 car: No. 2 mixed. I car. Total. 2 cars. Corn—No. I white, 6 cars; No. 2 white, 3 cars: No. 3 white. 3 cars: No. 4 • iite. 1 car; No. 5 white. 1 car; No. 6 wlA„e, 3 cars: sample white. 1 car; Nc. 1 yellow. 4 cars; No. 2 yellow. 8 cars: No. 3 yellow, 1 car: No. 4 yellow, 1 car: No. 5 yellow. 1 car: No. 6 yellow. lcar; sample yellow. 1 car. Total. 35 cars. Oats—No. 2 white, 5 cars: No. 3 white. 8 cars: sample white. 1 car. Total. 11 cars. Bit T'nited Press CHICAGO. June 20—Cash grain close: Wheat—No. 2 hard. 94tic; No. 3 hard, 80c. Corn —No. 1 yellow. 77®®78V4c; No. 2 yellow. 76‘,-2@7BVsc; No. 3 yellow. 78®76>/ac; No. 5 yellow. 75’ic: No. 4 yellow. 76c: No. 6 yellow. 73® 75 Vic: No. 2 white. 81® 82' 2c: No. 3 white. 81c: No. 4 white. 76c: sample grade. 60® 87c. Ooats —No. 3 white. 37®3714c: No. 4 white. 36®3#®c. RyeNo. 2. 52c. Barley—ss® 56c. Timothy—s6.4o® 6.50. Clover—*9.so®l7. Bn Unltr/t Press TOLEDO. 0.. June 20.—Grain close Wheat—No. 2 red. 97@98c. Corn—No. 3 yellow. 80 1 2® 81 Vic. Oats—No. 2 white. 42 ®44c. Rye—No. 2. 75c. Barley—No 2. tide. Clover—Domestic cash. new. *12.15; prime choice. *12.45: October. *12.75; December. *12.95. Alsike—Cash. *11.10: October. *11.15. Butter—Fancy creamery. 37 fi 38c. Eggs—Country run, 20®22c. HayTimothy. *1.25 cwt. Bit Timex Special CHICAGO June 20.—Primary receipts: meat. 942.000 against 1.673.000: corn. 1)00 against 1.087.000: Oats. 184,000 against :i25.00. Shicmenta—Wheat, 473.0 M against 778.000: corn. 501.000 against 419.000; oats, ;166,00Q against 294,000.

STOCKS DECLINE AFTER RALLY IN OPENINGSALES Trade Volume Falls as Bear Influence Gains Control of Market.

Average Stock Prices

Average of thirty industrials for Thursday 288.97, up 19.13. Average of twenty rails was 131.21. up 2 24. Average of twenty utilities was 83.80 up 4.30 Average of forty bonds was 95.15. off .01. Bu United Press „„ , NEW YORK, June 20.—Stock market values were reduced today after a firm opening induced by a reduction to 2% per cent in the New York rediscount rate and a drop of $211,000,000 in brokerage loans. After first hour strength a series of advances and declines began, carrying over until the clpse. At no time was the list above Thursday's closing levels, although at times some of the leaders came back swiftly. Near the close another selling period brought prices down sharply. In the last few minutes of trading some meager support was noted, but it was not sufficient to do any more than bring prices up slightly from the lows. The close was lower. Issues Fluctuate Many issues fluctuated over wide arcs. United States Steel ranged between 162*4 and 157%; Westinghouse, 142% and 132; American Can 124 and 115%; General Electric, 73 and 68%; Worthington Pump, 132% and 121; Vanadium, 84*4 and 73*4; J. I. Case, 192 and 171 *i. American Telephone ranged between 211 and 204%; Consolidated Gas 111% and 106*4; United Corporation 34*4 and 30%; International Telephone 46% and 32*4. Near the close Steel was holding about a point above the low, but was off nearly 3 points from the previous close. Others were off 1 to 7 points net. Trading was quiet and tickers held abreast of the market most of the day. Money Is Easy Failure of commodities to profit by the reduced rediscount rate was a factor in the decline. Wheat broke to new lows for the season and closed near the lows. Cotton, after a firmer opening, broke again and failed to recover all the loss. Many traders had expected a bulge on the overnight announcements and were quick to offer stock for sale in the early dealings. Then when the initial demand had run out bids were lowered. Bears put out fresh lines in some instances, but were not particularly agressive. Call money held at 2*4 per cent. Time money eased. Measured by Dow, Jones & Co.'s preliminary calculation of the averages 6.46 points were lopped off the recovery of more than 10 points made Thursday in the industrial average which closed at 222.51. The railroad avera e was off 1.03 at 130.18.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, June 20.—What good effect was engendered in the stock market as a result of the further cut in the New York rediscount rate was quickly spent following a buoyant start when it became apparent that wheat prices were again sinking into new low ground. Extensive liquidation developed and except for fitful rallies the drift was generally downward. Nothing of an encouraging nature made itself known in a business way and the impression that subnormal interest rates are due almost wholly to the depression in business chilled enthusiasm therefrom. However, removing such doubt as may have existed over the peimanency of current low money rates, it may encourage investors to become more ready buyers of bonds, which market has been so stale. An active bond market would be exceedingly helpful to business. A wholesome effect on commodity prices through the stimulation of purchasing power abroad may result, especially if a reduction in European rates follows. The further ease of credit should inject new life in building operations. Mortgage money should become more plentiful. Promotion of residential building would contribute greatly in reviving business. While it may take some little time for its force to be felt, this addiiional relaxation of credit is helpful. Unquestionably high grade securities are attractive from an investors viewpoint. Unfortunately, however, sinking spells and immediate fluctuation!; in the market tend to obscure the long range view.

Produce Markets

Eggs (Country Run)—Loss off deliverd in Indianapolis. 19c: henery quality. No. 1 21c: No. 2. 16c. Poultry (buying prices—Hens, weighing 4'i lbs. or over. 17c: under 4!i lbs.. 20c: Leghorn hens. 14c: springers. 2Vi lbs. or over, 27c: under 2Vi lbs.. 25c: Leghorn springers. 18®19c: old cocks. 9@>loc: ducks, full feathered, fat whites. 9c: geese. Bc. These prices are for No. 1 top quality Quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 35@36c: No. 2. 33® 34c. Butterfat —31c. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c: Lognhorns. 34c: New York Limberger. 36c. Bit United Press CHICAGO. June 20.—Eggs, market unsettled: receipts 22.769 cases; extra firsts. 23*4c: firsts. 22 V 4 ® 23c; current receipts, 21®22c: ordinaries 18 ! ,i®:19c; seconds, 19c. Butter—Market, unsettled: receipts, 18,102 tubs: extras. 32c: extra, 32'ic. PoultryMarket. easier; receipts 1 car: Cowls, 19® 20c; springers. 30c; Leghorns, 15c; ducks 14c: geese. 12c; Turkeys, 18c; roosters. 14c; broilers. 22c. Cheese—Twins. 16Vi®17c; Young Americas. 18c. Potatoes —On track. 136; arrivals. 74; shipments. 940: market, steady: southern sacked bliss triumphs [email protected]; North Carolina barrels, Irish cobblers, *5. Bn United Press NEW YORK, June 20.—Flour—Quiet and steady: spring patents. *5.35® 5.75. PorkQuiet: mess. *32. Lard—Steady; middle west spot. $9.85®9.95. Tallow—Dull: special to extra. 4®@>sc. Potatoes—Quiet and steady; southern. $2.15®5; Maine. *3® 4.10. Sweet potatoes—Steady: Jersey, basket.. 50c@*3.75. Dressed poultry—Quiet; turkeys. 25® 43c: chickens. 17@39c; fowls, 14® 26c: ducks. Long Island. 19c. Live poultry—Steady to firm: geese. ll®14c: ducks. 14® 23c: fowls. 20®24c: turkeys. 15 25c: roosters. 15® 17c; broilers, 17® 42c. Cheese —Quiet: state whole milk, fancy to speciaL 2426 c: young America. 18' 2® 25c. Bit United Press CINCINNATI. June 20.—Butter—Steady: creamery in tub lots, according to score. 30® 33c: common score discounted. 2®3c; packing stock No. 1. 25c: No. 2. 15c; Np. 3.12 c: butterfat. 28®30c. Eggs—Steady; cases Included: fresh gathered. 23 I jc; firsts. 21c: seconds. 19c: nearby ungraded. 22'ac. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 19c: 4 lbs. and over. 19c: 3 lbs. and over. 19c: Leghorns. 3 lbs. and over. 14c: roosters, 13c: broilers, colored over 2 lbs.. 28c: broilers over 16 lbs.. 27e: IS lb*, and over 24c: Leghorn, and Orpington broilers over. 16 tbs.. 22c il* lbs. and over. 19c: broilers, partly feathered. 12® 15c; black springers. 20c. 1

Business — and — Finance

McKesson & Robbins. Inc., the largest wholesale drug house In the country, reports for the first four months of 1930 gross sales totaling $47,657,893. as comoared with $46,904,233 In the cor ing period of 1929. The sales of eljht minor subsidiary companies are not J.vcluded in the 1930 total because '.lgures for thsse companies for the 1929 period were not available. Eastern Minnesota Power Corporation, a subsidiary of Peoples Light and Power Corporation, reports gross revenues of $299,969 for the year ended April 30. 1930, as compared with $272,809 for the preceding twelve months. Operating expenses, maintenance and taxes, other than Federal income tax, totaled $154.552. as against $152,133. Gross income amounted to $145,617. which compares with $120,676 for the year ended April 30. 1929. The Fidelity Investment Association, the largest Institution In the country devoted exclusively to the sale of annuities. reports sales for Mav of $3,946,000. establishing anew monthly record. This compares with $3,074 000 for May, 1929, an increase of $872,000. Sales for the five months of the current year totaled $lB,872.000 compared with $12,760,000 for the corresponding period of last year, a gain of $6,112,000. SAN FRANCISCO, Cal.. June 20.—More than $6,000,000 of the $15,000:000 appropriated by the Central Public Service Corporation for new construction in 1930 will be spent on the Pacific coast, according to Franklin T. Griffith, president of the Pacific Northwest Public Service Company, subsidiary of Central Public Service. Griffith is here with D. C. McClure of Chicago, operating vice-president of the system. Directors of Municipal Telephone and Utilities Company have declared the regular quarterly dividends of 21 Tic a shares on the Class A common stock and 44c a share on the 9% cumulative preferred stock, both payable July l, to stockholders of record June 30. Employes of General Foods Corporation and subsidiaries who were ineligible to participate in the third employees’ stock purchase plan in 1928 are given an opportunity to subscribe for the company's stock at SSO per share, according to an announcement just issued to the employes bv C. M. Chester Jr., presidents

Chicago Stocks “ ißv James T. HamVl & Co.t

TOTAL SALES 373.960 SHARES High. Low. Close. Allied Motor Ind 11 Art Metal Works 12% 12% 12% Assoc Telephone Util... 22 21 % 21% Atlas Stores 26% Auburn Automobile ...115 103 104 Bendix Aviation 32% 30% 301* Binks Mfg 25 Borg-Warner .. 29 27 27% Brwn Fen & Wire A... .23% ... Brwn Fen &Wi 8..:.... 16% 16% 16% Butler Bros 8% Castle AM 43% 42 43% Ceco Mfg Cos 11 10 10% Cent 111 Securities .... 25% 25 25 Cent Pub Serv Class A.. 32% 31 31 Cent & So West 23 22 22 U Chicago Corp 12% 11% 11% Chicago Corp pfd 45 ... ... Cities Service 28% 27% 27% Commonwealth Edison 290 Construct Materials ... 15 Const Materials pfd 38% Conti Chicago ctfs .... 15% 15'< 15% Cord Corp 7% 6% 7 Corp Securities 22 21 21% Conti Chicago pfd 45 Electric Household 46 42% 43 Electric Research Lab.. IV* General Theater Equip. 33% 31% 31% Gleaner 29% Great Lakes Aircraft... 5% 5 5 Grigsbv Grunow 18% 16% 17 Houdaille Hershey “A” 20% 20 20 Houdaille Hershey ’'B" 12% 11% 11% Insull Util Invest 57 54% 56 Insull Ut In pfd ex-wer 90 88% 90 Insull Util Invest pfd 2d Ser Bonds 6% 100% 100% 100% Kellogg Switch com ... 4% 4Va 4% Ken-Rad Tube & Lamp 8 Keystone Steel 12% Lane Drug V T C 2% Libby-McNeil 15 14% 14% Lion Oil Refining C 0... 22 21% 21% Lynch Glass Machine.. 19 18 19 Manhattan-Dearborn .. 32% 31 32% Middle West Util (new) 23% 27 27% Midland United 26% 26 26% Mo-Kansas Pipe Line. 24% 22% 22% Modine 51% Midland United pfd 43 42'% 43 Midland ' United warr.. 3% 2% 3% Majestic Prod 50% 46% 46% Muskegon Motor Spec.. 10 8% 9'/4 National Securities Inv 14% National-Standard 31% 30 30% Noblitt-Sparks 47 46% 47 North American Car 42% 41 42% North Am Light & Pwr 68% 66 66 No &So Amer Corp. ... 14% ... Pines Winterfront .... 25 Seaboard Util Shares... 6 5% 5% Stand Drede Cos 18 Steinite Radio 1% Stone H O & Cos 8% 8 8% Super-Maid 16'/* 14% 14% Swift & CO 29% 29 29 Swift International ... 33 32V* 32'/* Unit Corporation 14% .• U S Radio & Tel 21 17% 18 Utah Radio 7 6% 6% ifJlity & Ind 14% 13% 13% Utility & Ind Pfd 22 Wieboldt Stores 34 • Winton Engine 54Vi 52 52 Zenith Radio 10V4 8 8%

In the Cotton Markets

(By Thomson St McKinnon) NEW YORK, June 20.—Cables were better this morning. There were reports of better business in actual cotton. Europe was said to be buying. The market advanced 13 points in the early trading. At 14 cents for July heavy profit taking set in. The selling of December was particularly noticeable. The weather was favorable. Spinners’ takings were more than 160,550 bales less than last year. After early buying local traders turned bearish and sold the market down to last night’s prices around noon. The second hour in the afternoon started with the new crops about 2 points under the previous close, with July off 10 points. We think July will do better as notice day approaches, and the same probably is true of the new crops as well. NEW ORLEANS High. Low. Close. January 13.46 13.32 13.46 March 13.69 13.47 13.66 May 13.76 13.70 13.76 July 13.63 13.31 13.57 October 13.32 13.08 13.27 December 13.46 13.35 13.42 NEW YORK High. Low. Close. January 13.78 13.55 13.76 March 13.72 13.48 13.69 May 13.82 13.62 13.82 July 14.01 13.71 13.94 October 13.59 13.36 13.54 December 13.73 13.53 13.71 CHICAGO High. Low. Close. July 13.75 13.39 13.67 October 13.37 13.19 13.34 December 13.52 13.35 13.48

FOR YOUR VACATION LOW REDUCED ROUND TRIP EXCURSION FARES TO NORTHERN INDIANA RESORT POINTS Including AKRON, LEESBURG, MILFORD, MILFORD JUNCTION, jgk WARSAW and WINONA Tickets on sale and good going fwl every day to Oct. L Return limit Oct. 15, 1930. For full information Low-Rate Excursions to All Points Every Week-End

PAGE 11

LABOR DISPUTES BILL PRESAGES SENATEMTTLE Conflicting Reports Indicate Heated Battle Looms Over Injunctions. BY NATHAN ROBERTSON United Press staff Correspondent WASHINGTON, June 20. —An issue which promises to play a prominent part in the forthcoming elections, was raised in the senate today when its judiciary committee submitted opposing reports on the bill to limit the use of injunctions in labor disputes. Tile hill involves what some senators call the issue between ‘ human and property rights,” which figured so prominently during the debates over President Hoover's nominations of Charles Evans Hughes and John J. Parker to the supreme court. Advocated by Minority Two reports were submitted. One was a majority report opposing the bill and the other a minority report, signed by seven of the committee’s seventeen members, vigorously advocating it. The bill would limit the issuance by federal courts of injunctions in labor disputes, except when the disputes involved violence, fraud or threats. Even then injunctions could be issued only when all other means of lawful restrain had been exhausted. The bill would also outlaw “yellow dog” labor contracts and declare the public policy as favoring collective bargaining by employes. Limitation Is Necessary Chairman Norris of the judiciary committee submitted the minority report. It declared “public sentiment has reached the conclusion that some such limitation on injunctions is neceasary.” The majority report, submitted' by Senator Steiwer (Rep., Ore.), said substantial progress has been made in relations between employers and employes with the last ten years and that, therefore, “so far as abuse of injunction is concerned there is less compelling reason for the enactment of federal legislation than formerly existed.”

New York Bank Stocks

—June 20Bid. Ask. America 103 JO4 Bank of United States ... 44 45% Bankers 130% 132 Brooklyn Trust 690 710 Central Hanover 331 336 Chase National 134 135% Chatham Phoenix National 106 108 Chemical 62 63 V* City National 147 14a Corn Exchange 175 178 Continental 26% 28 Empire 73 74 Vi First National 4,800 4,900 Guaranty 635 (33 Irving 48% 49 Manhattan it Cos 108% 109 Manufacturers 99 101 New York Trust 231 236 Public 103 104 Chelsea 39 43 New York Curb Market —June 20— CloselMo Kan Pipe ... 22% Am Com Pwr... 22%jMt Prod 8% Am Gas & E1..115 INatlonal Av ... 11 Am Lt & 'i’r.... 56%,National Inv ... 13 Ark Gas 10% Nat Pub Serv A 21% Brazil P & L... 39'* Nevmont Min .. 94 Can Marc 5 INla Hud Pwr.. 17% Cities Serv 28 , Niles 27^ Cons Gas 112% Noranda 22% Cord 7 Ohio Oil 65 v Crocker Ba-Wh.. 16%iPantcpec 20 Durant Mot ... 3 Penroad 11'i Elec. Bond Sh... 76%:Prince & Whtly. 9% Fokker 19%ISalt Creek 10 Ford of Can ... 31 Scl Indus S'/s Ford of Eng ... 15% Shenandoah ... 11 Ford of Fr .... 10%|Std of Ind 49V Fof Theater ... 9%!Btd of Ky 32 Goldman Sachs 19%lStd of oFiio ... 77 1 Gulf Oil 126 iStutz 2%' Hudson Bav ... 7%iTrans-America. 30%. Humble Oil .... 87 UTrans Air T.. 7 . Ind Terr A .... 28% Un Gas 24% Insull Ut 56%1Un Gas (new). 13 Int Super 35% Un Lt & Pwr.. 37% Int Pete 18% Ut In Ind 14 Lion Oil 23 ut Pwr 18%’ Close Vacuum Oil .... 78% Marine Mid .... 31 nWallgreen 34% Midwest Ut .... 27 ,

_JL_ Indianapolis Joint Stock Land Bank Under the management of the directorate of the Fletcher American CompanyandTheFletcher American 'rational Eank 5 % Bond s / Due 1960/40 101 •nd accrued intemt to yield 4.87% .Rxempt From All Tazea Lzrept Inheritance Taxea Fletcher American Company IN 01 AN APOLII ~”T~